RBS 2012 Annual Report Download - page 499

RBS GROUP 2012
497
Certificates of deposit and other time deposits
The following table shows details of the Group's certificates of deposit and other time deposits over $100,000 or equivalent by remaining maturity.
2012
Within
3 months
£m
Over 3
months
but within
6 months
£m
Over 6
months
but within
12 months
£m
Over
12 months
£m
Total
£m
UK based companies and branches
Certificates of deposit 885 692 194 377 2,148
Other time deposits 20,275 2,981 4,567 7,778 35,601
Overseas based companies and branches
Certificates of deposit 689 112 24 12 837
Other time deposits 13,227 1,295 2,007 5,707 22,236
35,076 5,080 6,792 13,874 60,822
Short-term borrowings
Short-term borrowings comprise repurchase agreements, borrowings from financial institutions, commercial paper (CP) and certificates of deposit
(CDs). Derivative collateral received from financial institutions is excluded from the table below, as are certain long-term borrowings.
Repurchase
agreements
Financial
institutions
(1,2) CP CDs
2012
Total
Repurchase
agreements
Financial
institutions
(1,2) CP CDs
2011
Total
2010
Total
At year end
- balance (£bn) 132 80 33 218 129 93 16 16 254 271
- weighted average interest rate 0.5% 0.5% 0.3%1.0% 0.5% 0.6%0.9% 0.9% 1.4% 0.8% 0.6%
During the year
- maximum balance (£bn) 181 103 1820 322 175 111 32 39 357 378
- average balance (£bn) 149 82 911 251 14293 22 31 288 330
- weighted average interest rate 0.5% 0.6% 0.6%1.2% 0.5% 0.9% 1.1% 0.7% 1.2% 1.0% 0.7%
Notes:
(1) Excludes derivative cash collateral of £37 billion at 31 December 2012 (2011 - £41 billion; 2010 - £38 billion), 2012 average of £38 billion (2011 - £35 billion; 2010 - £34 billion).
(2) Excludes Federal Home Loan Bank’s long-term borrowings of £1 billion at 31 December 2012 (2011 and 2010 - £1 billion), 2012 average of £1 billion (2011 and 2010 - £1 billion).
Balances are generally based on monthly data. Average interest rates during the year are computed by dividing total interest expense by the average
amount borrowed. Average interest rates at year end are average rates for a single day and as such may reflect one-day market distortions, which may
not be indicative of generally prevailing rates.
Other contractual cash obligations
The table below summarises the Group's other contractual cash obligations by payment date.
2012
0-3 months
£m
3-12 months
£m
1-3 years
£m
3-5 years
£m
5-10 years
£m
10-20 years
£m
Operating leases 214 185 694 559 910 1,376
Contractual obligations to purchase goods or services 110 334 500 15 — —
324 519 1,194 574 910 1,376
2011
Operating leases 208 260 802 651 1,234 1,480
Contractual obligations to purchase goods or services 111 372 548 93 6 —
319 632 1,350 744 1,240 1,480
The Group's undrawn formal facilities, credit lines and other commitments to lend were £215,808 million (2011 - £239,963 million). While the Group has
given commitments to provide these funds, some facilities may be subject to certain conditions being met by the counterparty. The Group does not
expect all facilities to be drawn, and some may lapse before drawdown.